TOPGREEN
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 12-01-2024, 19 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
19 d early
2022
3 d late
2021
37 d late
2020
27 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€33,578▲ 588%
2022 · €4,878
Working capital
-€82,093▼ 1,678%
2022 · -€4,618
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€88,941-€119,172▲ 34.0%€118,533▼ 0.5%€123,481▲ 4.2%€60,878▼ 50.7%
Net result€1,109-€1,583▲ 42.8%€1,734▲ 9.5%€4,878▲ 181%€33,578▲ 588%
Equity€28,985-€30,568▲ 5.5%€32,302▲ 5.7%€37,180▲ 15.1%-€1,264
Total assets€822,940-€792,412▼ 3.7%€782,357▼ 1.3%€739,455▼ 5.5%€128,370▼ 82.6%
Debt€67,850-€84,005▲ 23.8%€99,681▲ 18.7%€83,399▼ 16.3%€129,634▲ 55.4%
Working capital€64,923-€29,954▼ 53.9%€10,219▼ 65.9%-€4,618-€82,093▼ 1,678%
Staff (FTE)1-0.91▲ 11.1%1=
Why a figure moved sharply
- 2023 Total assets -83% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 51% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €128,370
Fixed assets
€120,093 ▼ 82.8%
Current assets
€8,277 ▼ 79.9%
Key figures and ratios
EBITDA
€72,798▼
2022 · €135,610
Cash flow
€45,498▲
2022 · €17,008
Solvency
-1.0%▼
2022 · 5.0%
Current ratio
0.09▼
2022 · 0.90
ROA
26.2%▲
2022 · 0.7%
Interest coverage
3.59▲
2022 · 1.17
Debt ≤ 1 year
€90,370▲
2022 · €45,730
Debt > 1 year
€37,669=
2022 · €37,669
Income taxes
€12,407▲
2022 · €4,151
Staff costs
€18,407▼
2022 · €33,318
A ratio outside any meaningful range has been withheld (balance sheet total €128,370, equity -€1,264).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €33,318 | €18,407 | ▼ 44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,613 | €11,866 | €11,796 | €12,130 | €11,920 | ▼ 1.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€31,498 | -€7,067 | ▲ 77.6% |
| Other operating charges640/8 | - | - | - | €3,792 | €5,679 | ▲ 49.8% |
| Gross operating margin9900 | €139,023 | €135,487 | €139,473 | €141,222 | €89,816 | ▼ 36.4% |
| Operating profit (loss)9901 | €88,941 | €119,172 | €118,533 | €123,481 | €60,878 | ▼ 50.7% |
| Financial income75/76B | - | - | - | €1,847 | €5,398 | ▲ 192% |
| Recurring financial income75 | €4,320 | €1,123 | €1,659 | €1,847 | €5,398 | ▲ 192% |
| Financial charges65/66B | - | - | - | €116,299 | €20,292 | ▼ 82.6% |
| Recurring financial charges65 | €90,896 | €116,267 | €116,183 | €116,299 | €20,292 | ▼ 82.6% |
| Profit (loss) for the period before taxes9903 | €2,365 | €4,027 | €4,009 | €9,029 | €45,985 | ▲ 409% |
| Income taxes67/77 | €1,256 | €2,444 | €2,275 | €4,151 | €12,407 | ▲ 199% |
| Profit (loss) for the period9904 | €1,109 | €1,583 | €1,734 | €4,878 | €33,578 | ▲ 588% |
| Profit (loss) for the period to be appropriated9905 | €1,109 | €1,583 | €1,734 | €4,878 | €33,578 | ▲ 588% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €822,940 | €792,412 | €782,357 | €739,455 | €128,370 | ▼ 82.6% |
| Fixed assets21/28 | €728,808 | €716,792 | €710,472 | €698,342 | €120,093 | ▼ 82.8% |
| Tangible fixed assets22/27 | €162,328 | €150,462 | €144,142 | €132,013 | €120,093 | ▼ 9.0% |
| Plant, machinery and equipment23 | - | - | - | €4,726 | €4,179 | ▼ 11.6% |
| Leasing and similar rights25 | - | - | - | €127,286 | €115,915 | ▼ 8.9% |
| Financial fixed assets28 | €566,479 | €566,329 | €566,329 | €566,329 | - | - |
| Current assets29/58 | €94,132 | €75,620 | €71,885 | €41,113 | €8,277 | ▼ 79.9% |
| Amounts receivable within one year40/41 | €71,703 | €52,163 | €61,568 | €34,151 | €3,663 | ▼ 89.3% |
| Trade receivables40 | - | - | - | €6,260 | €2,826 | ▼ 54.9% |
| Other amounts receivable41 | - | - | - | €27,891 | €837 | ▼ 97.0% |
| Cash at bank and in hand54/58 | €19,452 | €21,017 | €8,185 | €5,318 | €4,614 | ▼ 13.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,643 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €822,940 | €792,412 | €782,357 | €739,455 | €128,370 | ▼ 82.6% |
| Equity10/15 | €28,985 | €30,568 | €32,302 | €37,180 | -€1,264 | ▼ 103% |
| Contributions10/11 | €7,000 | - | - | €7,000 | €7,000 | = |
| Revaluation surpluses12 | - | - | - | €72,022 | - | - |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€52,037 | -€50,454 | -€48,720 | -€43,842 | -€10,264 | ▲ 76.6% |
| Provisions and deferred taxes16 | €726,106 | €677,839 | €650,374 | €618,875 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €618,875 | - | - |
| Environmental obligations163 | - | - | - | €618,875 | - | - |
| Amounts payable17/49 | €67,850 | €84,005 | €99,681 | €83,399 | €129,634 | ▲ 55.4% |
| Amounts payable after more than one year17 | €38,641 | €38,338 | €38,015 | €37,669 | €37,669 | = |
| Financial debts170/4 | - | - | - | €37,669 | €37,669 | = |
| Amounts payable within one year42/48 | €29,209 | €45,667 | €61,666 | €45,730 | €90,370 | ▲ 97.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €346 | - | - |
| Trade debts44 | €2,546 | €4,493 | €8,075 | €15,492 | €2,442 | ▼ 84.2% |
| Suppliers440/4 | - | - | - | €15,492 | €2,442 | ▼ 84.2% |
| Taxes, remuneration and social security45 | - | - | - | €9,504 | €12,407 | ▲ 30.5% |
| Taxes450/3 | - | - | - | €4,151 | €12,407 | ▲ 199% |
| Remuneration and social security454/9 | - | - | - | €5,354 | - | - |
| Other amounts payable47/48 | - | - | - | €20,388 | €75,521 | ▲ 270% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,595 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,109 | €1,583 | €1,734 | €4,878 | €33,578 | ▲ 588% |
| + Depreciation and write-downs630 | €13,613 | €11,866 | €11,796 | €12,130 | €11,920 | ▼ 1.7% |
| Operating cash flow (approximation) | €14,722 | €13,450 | €13,530 | €17,008 | €45,498 | ▲ 168% |
| Investment in fixed assets (approximation) | - | €150 | -€5,476 | €0 | €566,329 | - |
| Change in cash | - | €1,565 | -€12,832 | -€2,866 | -€704 | ▲ 75.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Highest result since 2019net €33,578 ▲588%
Net result €33,578, the highest in the series.
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 37 days late
2021
27-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
07-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
28-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
09-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 30-06-2022 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
96.18%
According to the annual accounts to 30-06-2022 of TOPGREEN and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.